Title

COMBINED AUTHORITY

Chancellor to announce investment zones backed by £80m

A dozen investment zones will be announced tomorrow as part of an effort to boost local growth and level up left behind areas.

A dozen investment zones will be announced tomorrow as part of an effort to boost local growth and level up left behind areas.

In tomorrow's Budget, chancellor Jeremy Hunt is expected to confirm plans to start talks with places to host the new zones.

Eight places in England have already been shortlisted and the Government expects to agree plans by the end of the year.

Each zone will be clustered around a research institution such as a university.

Mr Hunt said: ‘True levelling up must be about local wealth creation and local decision-making to unblock obstacles to regeneration.'

Each zone will be backed by £80m, which will go towards tax relief, improving skills, providing specialist business support, improving the planning system or local infrastructure.

Chief executive of the Northern Powerhouse Partnership, Henri Murison, said: ‘This is a marked improvement on the investment zone policy, one which recognises the latent potential in these regions and gives devolved powers more ownership over their future destiny.

‘By avoiding a bidding-style competition and going straight to combined authorities, the Government has avoided repeating previous mistakes.'

The chancellor is also expected to provide investment for the rollout of levelling up partnerships across England, under which councils, MPs, and business and civic leaders will work together to identify cross-Government interventions to unblock obstacles to regeneration.

Levelling up secretary Michael Gove said: ‘Levelling up means backing local growth across the UK, driving innovation to attract investment and putting power into the hands of local communities so they can reach their full potential.

'Our new investment zones and levelling up partnerships will deliver more jobs, better services and more opportunities.'

COMBINED AUTHORITY

LG Challenge: Building community engagement on regeneration in Stockport

By Virginia Ponton | 07 May 2026

The third Local Government Challenge 2026 arrived in Stockport to develop proposals on how the council and Mayoral Development Corporation could work togethe...

COMBINED AUTHORITY

All change: Reform UK projected to make huge gains as local elections get underway

By By Heather Jameson & Dan Peters | 07 May 2026

The chairs of three of the sector’s major associations could change hands in the aftermath of today’s local elections.

COMBINED AUTHORITY

The challenge for combined authorities

By Seb Lowe | 07 May 2026

Seb Lowe looks at the importance of building workforce capability for system leadership in combined authorities.

COMBINED AUTHORITY

Breaking point: Tough choices for childrens' services

By Martin Ford | 06 May 2026

Governments are finally confronting the spiralling cost of children’s services. As pressures intensify and budgets buckle, the real question is no longer whe...

Popular articles by William Eichler